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A classic bullish pattern is in play, targeting BTC price at $138,000 and beyond. Bitcoin (BTC) is up today, rising over 3% in the last 24 hours to over $105,500 on May 20. Data from ...

This pattern is characterized by a baseline with three peaks, where the two outer peaks are similar in height, and the middle peak is the highest. This head and shoulder forms when a digital asset’s ...

A head-and-shoulder pattern formed during the 2-hour timeframe, signaling a potential reversal from previous highs. The breakdown of this pattern indicates a shift in market sentiment, with ...

We connect the low after the left shoulder with the low created after the head in the standard head and shoulders pattern (market top). This creates our neckline, the dark blue line on the charts.

Instead of one shoulder on each side of the head, double shoulders form either side. Bitcoin complex top head and shoulders pattern. Source: tradingview.com It also means that the trend is slightly ...

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“Daily momentum is flat while RSI fell. Head and shoulders (H&S) pattern remains intact with DXY rejecting the second shoulder. We continue to watch price action. A play-out of the H&S pattern ...